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Leasehold Guest House for Sale in Penrith, Cumbria

Penrith, Cumbria
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  • Status

    FOR SALE

  • Date Submitted:

    01/04/22

  • Advert ID

    293116

  • Leasehold: £190,000
  • Rent: £20,500
  • Turnover: N/A £0 Per week
  • Net Profit: N/A

Business Details

ACORN GUEST HOUSE FOR SALE

The guesthouse is on Scotland Road in Penrith, Cumbria. It is on the Edge of the Lake District National Park. The guest house comprises seven well-appointed guest bedrooms, all ensuites. There is also a licenced bar and guest Lounge. 

It is in a prime position within walking distance to the centre of Penrith - a busy market and tourist town. There is a mixture of tourist, cycling, golfing, walking and business bookings. The guesthouse has been established for 19 years and we have owned it for 5 years. There is a healthy number of guest houses, about 7 or 8 in the area. It is more than ample business for all of the guest houses.

There is a self-contained owner's accommodation which consists of a lounge/dining area, a master bedroom with an ensuite and a second bathroom.

Private parking is at both the front and rear of the guest house. We are adjacent to the M6 heading South and North. It generates a lot of 1 night stays, between March-October there are many events and festivals taking place in Cumbria. Kendal Calling, pub fest, marmalade festival and endless amounts of activities take place which attracts guests to the. town

We have carefully developed a well-established business, which continues to offer enormous potential to develop a range of new income avenues.

Transport links: Bus station, train station and links to the M6 motorway and A66.

Attractions/events:-

- Marmalade Festival

- 'Kendal Calling'

- 'Tea in the Park' Music Festival.

- "Pot Festival'

- Drovers Weekend

- Penrith on a Plate Food Weekend.

- Cycling holidays - Coast to Coast, Lakes and Dales Loop, Lands End to John O'Groats.

- Near to Ullswater, Derwent and Windermere Lakes.

Sale details: The sale is for the leasehold of the business. We are accepting offers in the region of £190,000. The fixtures, fittings and stock are included in the price. The turnover and accounts are available on request.

Opening hours:-

Currently, the guest house operates seven days a week from April to October. The opening days from November to March are Monday to Friday for long term business bookings. We are open all year round. However, from November - to March we are closed for the weekends. 

There is scope to increase booking capacity by extending the winter opening hours. Current operation and seasonal hours suit our lifestyle choices. Also, we do have long-term lets over the year. There are good opportunities and, it is entirely up to the individual.

My wife and I run it ourselves. We have enjoyed running the business as it gives us spare time and a good lifestyle. However, it was always a 5 - year plan when we took over.

Special offers

We have agreed on contractual terms with Buy a Gift and Wowcher. These are offered on a selective basis.

Training

If required, we can provide in house training to prospective purchasers or staff.

Staff

The owners have to be able to carry out all aspects of the general day to day running of the business with additional help available in the summer months. Further information e.g. financial and overall business operation can be provided. 

It is a retirement sale there is a 5-year expansion plan. We are willing to provide training opportunities. I would recommend anyone seriously interested to come down and see how we operate and take a look at the business. We have highly-rated reviews online.

Get in touch for more information.

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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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